To apply for a KFC franchise in India, the following steps can be applied:
- Go to KFC’s official company website.
- Click on the “Alliance with Us” option from a range of options available.
- In doing so, a Franchise application from India would pop up.
- Fill in the KFC application form to be able to apply for the dealership.
- The application form is exhaustive and requires a lot of personal and professional details.
How much it cost for KFC franchise in India?
The KFC Cost in India: The average KFC franchise cost in India is thus in the range of Rs 1 to 2 Cr investment, with commercial space of 1 to 1.5 thousand sq. ft. as per the agreement dictates, plus the 4-5% commission to KFC paid as royalty amounts on the actual gross sales receipts.
How do I become a KFC franchise owner?
KFC requires franchisees to have $1.5 million net worth and $750,000 liquid assets to apply for a store. Collect your financial information and income tax records and meet with a business lender to prequalify for a franchise loan. Next, determine the focus for your KFC franchise.
Is KFC franchise profitable?
Today India, KFC is operating more than 340 open restaurants in top 100 city of India. Also, KFC is looking for more expansion in Indian continent and due to this KFC Franchise is most profitable franchises business opportunity.
How do I open a new KFC branch?
To open a KFC outlet, you need to check the official website. Go to the established KFC website, click the "Contact Us" option. Choose the Franchise option and fill out the application form.
How much is KFC franchise fee?
$45,000For traditional KFC franchise agreements, the franchise (or initial license) fee is $45,000 split into the deposit fee and the option fee. In addition to the opening costs, KFC also has a liquid cash requirement of at least $750,000 (may be higher depending upon the ownership level of the franchisee applicant).
How much it costs to open a KFC?
Kentucky Fried Chicken Franchise Cost / Initial Investment / Kentucky. The franchise fee to become a KFC franchise owner is $45,000, with an estimated startup costs totals ranging between $1.2 million and $2.5 million. A 5% royalty fee on gross monthly receipts is paid to the company.
How much does 1 KFC make a year?
How Much Profit Does the KFC Franchise Make Per Year? As an individual unit, KFC makes about $942,000 – $1,000,000 per year. Although Yum! Brands keeps their franchise owner's salaries private, it can be estimated that owners take home roughly $120,000 a year, based on average food franchise owner salaries.
What is KFC profit margin?
3420 Financial Summary3420Gross margin TTM28.29%Operating margin TTM8%Net Profit margin TTM6.02%Return on Investment TTM7.06%
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Which is the most profitable franchise in India?
Top 10 Profitable Franchise Business Opportunities in IndiaDomino's franchise store.Dr Lal Pathlab Franchise.FirstCry Franchise Store.VLCC Franchise Salon.Kidzee Franchise.Jockey Franchise Store.Delhivery.Lakme Salon Franchise.More items...•
How can I get franchise?
How to buy a franchise, step by stepBe sure about your reasoning. ... Research which franchises you may want to own. ... Begin the application process. ... Set up your “discovery day” meeting. ... Apply for financing. ... Review and return your franchise paperwork very carefully. ... Buy or rent a location. ... Get training and support.
Can I open McDonald's?
Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. A McDonald's franchise requires a total investment of ~Rs 6.6 Cr-Rs 14 Cr, with liquid capital available of Rs 5 Cr. The franchise fee is Rs 30 lakh. As a franchise, you will be charged a service fee of 4% of total sales.
How much do franchise owners make KFC?
Although the exact salaries of KFC franchise owners are kept private by Yum! Brands, it is estimated that they take home around $120,000 per year. This is grounded on the average salaries of food franchise owners. Individual KFC units produce revenues between $942,000 and $1,000,000 per year.
How do I own my own franchise?
How to buy a franchise, step by stepBe sure about your reasoning. ... Research which franchises you may want to own. ... Begin the application process. ... Set up your “discovery day” meeting. ... Apply for financing. ... Review and return your franchise paperwork very carefully. ... Buy or rent a location. ... Get training and support.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How do I open up my own franchise?
Steps to Start a FranchiseStep 1: Research your options. ... Step 2: Select a franchise that aligns with your business goals. ... Step 3: Create an LLC or a corporation. ... Step 4: Arrange financing. ... Step 5: Talk to the franchisors and franchisees. ... Step 6: Talk to members of your community. ... Step 7: Create a business plan.More items...•
Why KFC Franchise Business?
KFC Franchise is in much demand since KFC is the biggest and popular US originated Quick Service Restaurant chain in the world.
If you are planning to start a KFC franchise outlet in India then you should know the following points
Kentucky Fried Chicken or KFC started its first franchise outlet in Utah in 1952.
KFC Franchise Cost in India
KFC is more expensive and needs high investment to start a franchise business opportunity. In the United States, the KFC Franchise candidates must invest about $750,000 in liquid assets and $1.5 Million in total net worth. KFC franchise cost in India grants only multi-unit franchisees due to its expensive investment.
Training Overview of KFC Franchise Company
As per the KFC terms and conditions, the franchisees may be an entity or a Control Person must attend the initial training program provided by KFCLLC on “How to operate an Outlet” and must complete the training program to the franchisor’s satisfaction.
Territory granted by KFC Company to their Franchise
Generally, franchisees will not get exclusive territory but as long as they are in compliance with the company’s Franchise Agreement, they will have a protected location of the smaller of
How to Apply KFC Franchise online in India
To start a KFC franchise unit, you have to apply on their official website https://www.kfc.com/about/franchising. Go to the official KFC website, at the right bottom of the page, you can see the “Contact Us” option, click on that https://online.kfc.co.in/contact-us.
KFC Franchise (Kentucky fried chicken)
Kentucky fried chicken [KFC] is currently the most popular brand after McDonald’s Franchise business .KFC has no competetion in chicken restraunt chain. KFC started business in early 1939 in United States America. After gaining popularity among local people, KFC started their first franchise outlet in 1952.
How to apply for KFC Franchise In India ?
To apply for a KFC Franchise in India, you need to follow the following steps :
KFC Franchise Cost in India
Total Investment Required : INR 1.5 Core to 3 Core Total Investment required is around 1.5 Lac to 3 Cr.
KFC Franchise Requirements & Elegibility Criteria
The location of opening franchise must have at least 1 Lakh population with high buying intent.
KFC Franchise business Commission
As every business charges some percentage of the total sales budget, KFC also Charges around 10% to 20% of your sales amount. It may varies from product by product.
KFC Franchise business Space Requirement
If you are having property in a good locality like tier 1, tier 2 and tier 3 cities, then KFC Company might consider renting your property.
KFC Franchise business Space Requirements
As its take the huge investment, you also need to have some space around 100 Sq.Ft to 150 Sq.Ft at prime location like tier 1, tier 2 and tier 3 cities so that KFC can consider this property for renting purpose, when you can get quality people whose buying capacity is good.
BE YOUR OWN COLONEL
Based in Louisville, Kentucky, KFC Corporation is the franchisor of the world’s most popular chicken restaurant chain, specializing in Original Recipe®, Extra Crispy™, Kentucky Grilled Chicken® and Extra Crispy™ Tenders with home-style sides, Hot Wings™ pieces and freshly made chicken sandwiches.
WHAT MADE US GREAT IS STILL WHAT MAKES US GREAT
KFC Corporation, based in Louisville, Kentucky, is one of the few brands in America that can boast a rich, decades-long history of success and innovation. It all started with one cook who created a soon-to-be world-famous recipe more than 70 years ago, a list of secret herbs and spices scratched out on the back of the door to his kitchen.
Yum! Value Network
We recognize there are many franchising choices out there and you need real value. You need strong brands that have demonstrated economic stability over time, that offer growth opportunity and that give back to the community. Yum! offers all of this and more. It's what we call the Yum! Value Network.
Do You Have What It Takes? Capability. Commitment. Capital
While Yum! franchising is a fantastic opportunity for many, it may not be for everyone. Have a look at the following criteria to see if Yum! is right for you:
Interested?
For more information on opening your own KFC franchise please fill out the form below.
Request Information
Looking for more information about KFC? Take a moment to fill out our quick information request form.
